CLOUD BASED POS
PRnewswire | April 27, 2023
Vesta, a leading global transaction guarantee platform for online purchases, today announced that the Vesta Payment Guarantee™ solutions is now available as an extension on Shopify, the leading provider of essential internet infrastructure for commerce, to help increase legitimate transaction approval rates for Shopify merchants across the United States, Canada, and Mexico.
The easy-to-install extension, which leverages advanced machine learning models and link analysis for all transactions in real-time, helps online store owners make the shift to zero fraud liability by eliminating chargebacks and approving more good transactions. Merchants get a 30-day free trial and flexible, tiered pricing options that scale for any size business.
"Vesta's model is to approve as many legitimate transactions as possible to help businesses maximize their revenues," said Hrishi Talwar, Chief Product Office of Vesta. "With our dynamic data network based on trillions of data points and machine-based learning, Shopify business owners can operate with ease knowing that they are protected by Vesta's 100% payment guarantee."
It is estimated that $300B in annual global revenue is lost due to false declines, resulting in the average eCommerce merchant spending almost $4 fighting fraud for every $1 of direct fraud loss. Differentiated by strong data science and a deep understanding of the globe's most serious threats and challenging markets, Vesta delivers highly-automated API-based technology to increase card-not-present (CNP) approval rates by an average of 10%.
About Vesta
Vesta is a global transaction guarantee company for online purchases, delivering unparalleled approval rates and a frictionless customer experience while eliminating chargebacks and other forms of digital fraud. Differentiated by its sophisticated data science and 25+ years of experience, Vesta brings a deep understanding of some of the world's most serious threats and challenging markets. Leading brands in ecommerce retail, travel, financial services, and telco rely on Vesta to provide accurate decisions and 100% guaranteed transaction and revenue protection in real time.
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POS HARDWARE
PRnewswire | May 10, 2023
Melio, a leading B2B payments platform for small businesses, today announced the launch of a new mobile app designed to streamline the payment experience. The mobile app is now available for download on the Apple App Store and will be launching on the Google Play Store in the coming months.
With small businesses forced to navigate time-consuming, costly, and restrictive payment methods, Melio's payments technology offers a one-stop solution for quickly and seamlessly transferring and receiving payments. This new app, which complements web access to Melio's platform, will improve the customer experience, making it easier than ever for businesses to improve their cash flow, eliminate late payment costs, and save valuable time.
"The launch of Melio's mobile app is another milestone in our efforts to deliver innovative products and the highest level of service to small business owners across the country," said Matan Bar, Melio's CEO and co-founder. "Our mobile app will make it easier for small businesses to make and track payments wherever they are, providing them with greater control and flexibility."
Melio's mobile app will not only enable small business owners to pay their suppliers and contractors but will also allow them to scan bills and invoices, easily add vendors, and approve and track payments – all while using their preferred payment method. The app provides Melio customers with the status of every payment and even provides reminders for unpaid bills on their home screen.
The launch of Melio's mobile app is a further extension of the company's mission to keep small business in business through innovative product offerings and strategic partnerships. In April, Melio announced a first-of-its-kind partnership with leading global commerce company Shopify.
About Melio:
Melio is a leading B2B payments technology company that enables small and medium-sized businesses to quickly and seamlessly transfer and receive payments, helping them improve cash flow and workflow. As one of the fastest-growing B2B payment solutions in the United States, Melio is transforming how money is moved between businesses. It serves financial institutions and software companies that want to provide Accounts Payable and Receivable products for their small business customers. Melio was founded in 2018, with headquarters in New York, an R&D center in Tel Aviv, and western U.S. headquarters in Colorado.
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POS RETAIL
PRnewswirre | June 06, 2023
365 Retail Markets, the global leader in unattended retail technology, today announced the launch of its latest kiosk, the MM6 for Markets. Thoughtful considerations in its design and technology offer operators more real estate to drive revenue, as well as solutions to address shrinkage and market uptime.
A countertop kiosk with a 22" touchscreen and diverse payment options, the MM6 for Markets is ideal for engaging consumers in high-touch, high-traffic micro market locations. This large format point-of-sale hardware packages the intuitive and industry-leading V5 software from 365 Retail Markets with impressive visual design.
Built for an Operator's busiest and most profitable locations, the MM6 hardware ensures more uptime with easy serviceability via its unique front-open chassis and contains a built-in battery backup to prevent service disruptions.
The MM6 for Markets will stand out in any size market, as one of the largest displays in the industry. Packaged in a sleek aesthetic, an intuitive user interface (UI) and optimized self-checkout peripherals guide consumers through a quick transaction, improving throughput. Complete with tap, cashless, cash funding, and 365 Global Market Account payment options ensure no sale is missed.
A large vibrant display also provides generous real estate to influence product sales using custom promotions. Food service operators can turn unused screen space into a revenue generating opportunity. Programmatic advertising services, like Advana from 365, connect big brands with select market kiosks where they want to target their offers.
With shrink rates a concern in large markets, the MM6 helps tighten loss prevention. An ultra-wide camera lens captures images within a 185-degree field of view for more detailed back-office reporting. Internal speakers also ensure consumers hear voice commands to return canceled items.
"As the retail world continues to transition to self-service, our product design adapts to consumer and operator expectations, the MM6 is the latest example of that adaptation," said Joe Hessling, 365 Retail Markets Chief Executive Officer. "The MM6 is a direct result of 365's product team responding to customer feedback on consumer experience, product maintenance and market security."
Initially launched as part of 365's dining solution suite, the MM6 was met with great industry reception as winner of an Automatic Merchandiser 2023 Readers' Choice New Product of the Year award. Previewed at last month's 2023 NAMA show, the MM6 for Markets also earned an overflow of industry support.
The MM6 for Markets is immediately available for purchase in the US and is slated for launch in Canada later this summer. To learn more, contact a 365 Retail Markets Account Services representative or visit 365retailmarkets.com/mm6-micro-markets/.
About 365 Retail Markets
365 Retail Markets is the global leader in unattended retail technology. Founded in 2008, 365 provides a full suite of best-in-class, self-service technologies for food service operators including end-to-end integrated SaaS software, payment processing and point of-sale hardware. Today, the company's technology solutions autonomously power food retail spaces at corporate offices, manufacturing and distribution facilities, and more, in order to provide compelling foodservice options for consumers. 365's technology solutions include a growing suite of frictionless smart-stores, micro markets, vending, catering, and dining point-of-sale options to meet the expanding needs of its customers. 365 continuously pioneers innovation in the industry with superior technology, strategic partnerships and ultimate flexibility in customization and branding.
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